Savannah morning news. [volume] (Savannah) 1868-1887, 1887-03-09

to-uay $50 bales; net receipts $50 bales, gross
Futures: Market closed steady, with sales
OF l5l 300 bales. as follows: March delivery,
y l4t1a sc: April, 1903 7Sc; May, $40
Soc; June.9 SIC; july, 9S(G9 $780, Angus,
9 45c.
Green y Co.. in their report on cotton flu
lures, say: There has been liberal and gem
erous trading AL day on both sides OF the
inatket, WIN vast amount OF scalpipg on
huctua ions shown. Daring the earlier por-
ton of the session matters looked fairly
steady, but about O'clock buying suddenly
! ceased and the marked COLLAPSED. with q per-
pehUicular break OF some SOLO points, closing
4 Ulile stGSdter, but without animation. out
sloe Of local manipulation influences do not
appear To have greatly changed"
GALVESTON. March S.-Cotton firm; Md
ding &c; net receipts 1873 bales. gross 4S3;
sales ia bales; stock 4c.992 bales; exports, TO
Great Britain 5.lA bales. coa'tw sc lA4.
NORFOLK. March S.-Cotton firm; mid
dllnS 91-l6c; net receipts l.6l6 bales. gross
1918: sales $50 bales; stock 1896 bales; eX-
ports, coastwise 80 bales.
BALTIMORE, March S.--Cotton firm; mid
ullng 92sc; net receipts bales, gross .; sales
2Uo bales; stock l2,O3s Dales; exports coastwlse
1907 bales.
BoST0N. March s.--Cotton steady; middling
S9fc: net receipts 146 0ales. gross 2.o.2; sales
none: stock none.
WILMlEGTON. March Section firm; mid
ding $50; net receipts IS bales, gross 81 !;
sale none: stock 2,d54 bales.
PHiLADELrHJA, MarGhS.-Cotton firm; mid
ding SC; net receipts 22G bales, gross 2z0;
stock 1885 uales.
NEW ORLEANS. March S.-Cotton quiet but
steady; MT ding 94c; netrecelpts 9.l6l bales,
gross lIlO'; sale 3 SEQ Dale": sCncK 3oi,ooo
oales: exports, To the continent 4,'OO.
MOBILE, March S.-Cotton firm; mddling
9Ic: net receipts 43o haIes. gross 424;
sales 200 bales; stock 7,415 bales; exports,
coastwlse us ba,es.
MEAPAls. March s.-Cotton firm; mlddling
~ raaa r hall obi "a
sales 600 bales: stock s2,7l0 Dales.
AUGUSTA. March S.-COtton hrm: mid
dlNg SIC; receipts ll6 oAies: sales 100 bA es
C8ARIESTON. March S.-Iotlou very firm;
light Onerpg-; mlddhng @sc; net receipts
l.. % 0a!ee. gross l,o65; sales leo bales stock
10, 81 bales.
NEW YDNK. March S.-Coueoliaa.rd net re-
ipts for u cotton ports to-day. 1851 bales;
exports, to Great Britain d ,264 bales. TO TIE
| continent e,@5l; STOCK at ali American ports
| 74l ,SZ4 bales.
PROVISIONS, GROCERIES, ETC.
LIVERPOOL, March S. noon.-vneat strong,
| with fair demand: holders offer sp2rngiy:
| California No !, Is 9,i(G7s I'D; red Western
| spring, Is 4d&7s I'd: rel Western winter, Is
| tdQu7s I'D. Corn drm and in fair demand.
| Lard, prime etern, BIS Sd.
NEW rOEH. March s. noon Flour quiet.
| Wheat unchsngei. Corn lower. Pork rrm
mess SIS 25D!5 10. Lard firm at zoe.
| Frelghts steady.
| D D. m.-FlUur q SnaQc stronger ana mOUcT-
| ate active. mainly for home use, closing
| firm: Southeru firm but only moderately ac-
| tive. Wheat tS(Gs4c higher bat les acflVe,
| closing wesk"r; No , red. March delivery 3D.
| May 93IIG943sc. closing at Gilec. Corn hrm
! but quiet: No. .. March delivery 49g49Ac,
| closing at 49c: Nav 9ll@4834c, closing al
| 4e14c. Oats E@tzc lower ami less active;
| No. 2, March aud April delivery 9sS3i9zc
| closing at 8l3sc; May Gt7sG55c. closing 34Ac
| Hops quiet and steady. Coffee, fair rio dull
at 1890; options lower but fairly active; No
| Rio, March delivery II 75@9l2 Soc. NAV II a
gl2 Soc. Sugar firm; centrifugal $500 . 5 2c
| and crushed 614096 5-l6c, granulaied 81 =
| MoIasses dull; 50-test !Sc. Cotton seed oil
| SIC for crude, 87@39c for refined. Hides
| steady. Wool quiet and barely steady. Porl
| rrm bnt rather quiet; mess SIS 250l5 IS. Zee
| dull. Middles quiet bnt firm. Lard 7(9
| points higher aud fairly active; We-terI
| steam. on spot SOC, May delivery S4@7 93c
| Freight5 steady.
CHICAGO. March S.-Speculation in wheat
which has been steadily increasing for a weel
past, eaped all bounds to-day, and the seen,
| in the PIT during both sessions was very wild
There was continuation of the upward move
ment from the start. first sales for May deliv
cry being made at S3szc. or Ssc higher tn
last nights closing. followed by quick ad
vance to s43zc. with free buying all the wa
up. This as followed by a sharp decline 4
S31sc. followed by another upward movement
which was not stayed until sac had bee
| touched. The dealing was confined almos
entirely to May delivery, other options beiui
| neglected and the outward evidences wer
sucn that a squeeze in that month was TO b.
attempted. The excitement in the pit durinj
the advance was very great. Shorts wer'
thoroughly alarmed, and the short interest i
now ackno lodged to be SO large that thi
| advance of SIC from The low prices Curron
last week meant tremendous profits and con
| sequent large Losses among spectators.
| WAS conceded thats he buil leaders who cou'G
push wheat in tire face Of heavy selling an,
the generally bearlsh tone OF the market fo
| months, mu-t be ve"y powerful and we
| equipped for fight. The advance of May from
| $685. to SIC was aimo- instantaneous. Opin
! ions as to the power under the advance were
| as many almost as operators in the pit. Ate
| he top was touched. and even before it, ther'
| was heavy selling by some OF the power id n
| Iifed with the bull size, The market sold OF
| to S51$c and clos d there at o clock. In tn
| afternoon May rose again 10 S1lSc, but offer
| ings suddenly grew To be very large. For
| time the market nut one remove from
| pane. May started in aIporentig strong, but
| immediately hegan breaking nm Ter enOr mo u
| offerings and dropped by &c to S3s4c, Their
| was a combned sOnd rush To sell onC. II tn,
| broker coulu not get what he wanted for l
| he took what he could get around o3zC. TIT
| feeling became sted'iier and prices recovered
| to $3.50, finally closing al SAC. Eve, ythins
| eXcepG wheat was entirely neglected. TIT
! market, Notwithstanding violent fluctuations
| closed lc higher than last night. On tie curl
| late ia the afternoon the price was "a nc
| There is very broad suspicion that
| mOneYeQ com UlnaJlOn C0nLein plate squeeze
| in wheat, but the interesting problem for til,
| speculator to decide now is: "Who is unde
| wheat?" But it probably will be found tina
| there are number Of cliques under II. The
| is q Cincinnati, San Francisco, New York AM
| Chicago clique under different sections of il
| MAY and sumo were quoted at the SAM
| figures at the Onenlng, but May at one tim
| COMMANDED a premium Of l3ac over June. hu
| this was reduced to &c aC the close. The hes
| prices IN corn were nad early when Nav wa
| 4O3zc. Later it got down to 391sc, but towar,
| the close recovered little from this figure
| selling at 40Isc. There we're no special feat
ures in the market. Pretty much all hog pro
ducts developed into slow and featureles
sort of deal, but prices were firm and mad
| little advance
The following shows the current prices 10
| cash properties on che regular board: Flou
| firmer but not quotably higher. Wheat. Nc
| Q spring 1874 0SU1ac; No. 8 spring l3M94c
| No. 2 red nominal. Corn. No. =, 343z(G371 20
| Oats, No. 3 &c. Mess PORK. 500 36Qg20 *
| Lard 81 60. Dry sailed shou ders, boXct
| 0096 35c. Short clear sides, boxed 500
S voc. Whisky 81 IS.
Futures-Ihc following are the opennG
highest and closing quotations: Wheat No
March delivery 7SlzgS0zc, closed ~ $50
May 1884 @sj}Sc, closed al Si1c; june $50
livery SlSzG3j%c, closed al $3.50: May 40.
(lD40$4e. clOeed At acc; June a. a@ A3sc, close
at 4.c. Oats. No. 2. March delivery 24Iz(
2Il1c, closed at 2Ic; Ma 291sQp29Sc, closed Z
t-2ss4c; June 2S4 0293<c, closed at 20lSc. POrl
March delivery $40 5000 80. closed NJ 800 81
May s2l@2l. closed at $50 IS; june S2in2
closed At $50 30. Lard. per 100 los, March dt
livery " 1901 67ls, closed at ~ IS; May 81
C17 So, closed at 81 so; JuueT S7Ialg7 so. close